M&A at Hogan Lovells

Automotive
and Mobility

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Automotive and mobility deal activity during 2019 continued to center around acquisitions of technology as well as divestitures of assets that no longer aligned with long-term strategies. In parallel, automotive original equipment manufacturers engaged in a number of collaborations and joint venture transactions, and the year concluded with the signing of the large-scale Groupe PSA-Fiat Chrysler merger.

While 2019 yielded a slight increase in total deal value in the sector, automotive and mobility M&A experienced a slowdown in deal volume, as many companies focused on organic growth amid trade tensions and concerns about a potential economic downturn.

In 2019, our Automotive and Mobility sector group continued its involvement in various European industry conferences, presented for the first time at the Financial Times “Future of the Car Summit” in Detroit, Michigan, and conducted a client tour in China focused on Autonomous, Connected, Electric, and Shared (ACES) developments and the implications of new regulations and legal requirements.

We released the third edition of Getting the Deal Through – Automotive, addressing the quickly transforming automotive industry and examining fundamental market developments in the law and regulation in 17 countries. We also published thought leadership addressing legal issues specific to the future of mobility.

300+

Automotive and Mobility
lawyers

2019

Transportation 
Group of the Year
Law360

In 2019, Hogan Lovells advised on the following
Automotive and Mobility transactions, among others:

Continental Automotive

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Continental Automotive

We advised Continental Automotive on the sale of its 50 percent stake in SAS Automotive, its cockpit systems specialist joint venture, to its partner, Faurecia. SAS Automotive was established between Siemens VDO – which was later acquired by Continental – and Faurecia in 1996 and has developed into an important provider in the complex assembly and logistics of interior models. Our Dusseldorf team led this transaction, with support from our antitrust and tax practices.

Daimler Group

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Daimler Group

We advised Daimler Group on the global reorganization of its worldwide business into three divisions: Mercedes-Benz Cars & Vans, Daimler Trucks & Buses, and Daimler Mobility. The restructuring, which involves approximately 800 subsidiaries in more than 60 countries, provides the divisions greater entrepreneurial freedom, positions them closer to their markets and customers, and empowers them to enter partnerships more easily and quickly. Lawyers in our Munich office led a global, cross-practice team in 25 Hogan Lovells offices on this transaction, which spanned nearly 50 jurisdictions.

Ford

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Ford

We advised Ford Motor Company on its global alliance with Volkswagen, which leverages the two automakers’ strengths to better compete, innovate, and serve customers. Through the alliance, Ford and Volkswagen will develop commercial vans and medium-sized pickups for the global markets, and commit to exploring potential collaborations in electric and autonomous vehicles and mobility services. A Washington, D.C. team led this transaction, with support from our London, Munich, and Northern Virginia offices and antitrust, intellectual property, employment, and litigation practices.

Kingdom Holding Company

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Kingdom Holding Company

We advised Kingdom Holding Company on its US$3.1bn agreement to sell Careem, a Dubai-based ride-hailing start-up, to Uber. The largest technology transaction in the Middle East to date, the sale enhances Uber’s position in a rapidly growing market where over half the population is under 30 and regularly uses mobile social media. Kingdom Holding Company was one of the two largest shareholders of Careem. Lawyers in our Dubai, Washington, D.C., and Paris offices led this transaction, with support from our antitrust and tax practices.

Hogan Lovells has been at the legal forefront of the incipient driverless and connected car revolution.”

Legal 500 USA, 2019

Automotive and Mobility market statistics as published in Hogan Lovells Deal Dynamics

5%

5%

Decrease in global deal volume
(2019 vs. 2018)

5%

5%

Increase in global deal value
(2019 vs. 2018)

China

China

Top market by global deal
value and global deal volume
(2019)

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M&A Year in Review

M&A Year in Review | 2019

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